Revlon, Inc. (NYSE:REV) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 2,232,948 shares, a growth of 100.8% from the July 31st total of 1,112,026 shares. Based on an average daily trading volume, of 510,985 shares, the short-interest ratio is currently 4.4 days. Currently, 28.0% of the shares of the stock are short sold.

Revlon (NYSE REV) opened at 16.60 on Thursday. The stock’s 50 day moving average is $19.62 and its 200-day moving average is $24.30. Revlon has a one year low of $15.60 and a one year high of $37.96. The firm’s market cap is $873.41 million.

Revlon (NYSE:REV) last announced its quarterly earnings results on Friday, August 4th. The company reported ($0.46) earnings per share for the quarter. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. The business had revenue of $645.70 million during the quarter. On average, equities research analysts expect that Revlon will post $1.80 earnings per share for the current fiscal year.

Separately, BidaskClub lowered shares of Revlon from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.

In related news, Director Ronald O. Perelman bought 255,681 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were purchased at an average price of $22.94 per share, for a total transaction of $5,865,322.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald O. Perelman bought 347,028 shares of the business’s stock in a transaction on Monday, June 12th. The stock was bought at an average price of $19.59 per share, for a total transaction of $6,798,278.52. The disclosure for this purchase can be found here. Insiders acquired 2,065,133 shares of company stock worth $41,902,874 in the last 90 days. Company insiders own 78.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of REV. Mittleman Brothers LLC boosted its position in Revlon by 1.0% in the second quarter. Mittleman Brothers LLC now owns 2,304,282 shares of the company’s stock worth $54,611,000 after buying an additional 22,111 shares during the period. Dimensional Fund Advisors LP boosted its position in Revlon by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,049,676 shares of the company’s stock worth $24,878,000 after buying an additional 33,969 shares during the period. Vanguard Group Inc. boosted its position in Revlon by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,002,936 shares of the company’s stock worth $23,770,000 after buying an additional 39,526 shares during the period. State Street Corp boosted its position in Revlon by 3.6% in the second quarter. State Street Corp now owns 237,381 shares of the company’s stock worth $5,626,000 after buying an additional 8,268 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Revlon by 1,885.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 162,426 shares of the company’s stock worth $3,849,000 after buying an additional 154,244 shares during the period. Institutional investors and hedge funds own 13.99% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.watchlistnews.com/revlon-inc-rev-short-interest-update/1532702.html.

About Revlon

Revlon, Inc manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products.

Receive News & Ratings for Revlon Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revlon Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.